Northland may bid on NHL's Penguins, move team to Hartford
April 3, 2006 -- Boston Business Journal
The owner of Northland Investment Corp. reportedly may bid to acquire the Pittsburgh Penguins franchise of the NHL with the goal of moving the team to Hartford, Conn.
Larry Gottesdiener, who owns the Newton, Mass., firm, is lobbying Connecticut officials to build a 16,000-seat arena on property he owns in Hartford, the Hartford Courant and Pittsburgh Tribune-Review reported.
Northland reportedly owns 1.4 million square feet of commercial property in Hartford with a value of $500 million.
Gottesdiener has not ruled out keeping the team in Pittsburgh. The Penguins reportedly are in discussions with the Isle of Capri Casinos Inc. of Biloxi, Miss., which has agreed to pay $290 million for a new arena if it receives a license to build a casino in Pittsburgh.
In 1997 the Hartford Whalers franchise moved to Raleigh, N.C., and renamed itself the Carolina Hurricanes.